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Maricopa County
Purchase Agreement and Escrow Instructions
Title Company Commonwealth Title Agency Date March 13th 2025
Address 2390 E. Camelback Road, Ste 230 Phone 602-287-3533
City Phoenix, AZ 85016
Escrow Officer Andrew Platt Email Andrew.platt@cltic.com
Escrow No. 21000617-040-DO
Nejad Cosic and Kimberly Cosic aka Kimberly A. Cosic, husband and wife,
Grantors: acceptance of community property with right of survivorship Phone: 602-206-0479
Contact Nejad Cosic and Kimberly Cosic
Mailing Address: 22639 W. Laura St Email kimcosic@gmail.com
City, State Zip Wittmann, AZ 85361 nejade@gmail.com
Grantee: | Maricopa County, a political subdivision of the State of Arizona
Mailing Address: | Real Estate Department, 2801 W. Durango Street, Phoenix, Arizona 85009
MARICOPA COUNTY shall pay directly to the Grantor, or deposit Sub- | Charges and Disbursements to be paid from Grantor's funds as
with the Title Company if escrowed, the purchase price plus all lawful | Object | follows (check all that apply):
costs incidental to closing as follows: Code
Escrow & Title Fees
Escrow Fees $ 696.00 (1 Total Acquisition of Grantor's Property: Full release of all
Title Policy Fees $ 557.00 monetary liens and encumbrances, and leases of any kind.
Title Report TBD Pay in full all due and delinquent real property taxes and
Title Report Credit TBD general and special improvement assessments. Prorate the
Total Escrow & Title Fees | $1,253.00 | 14 current year's real property taxes on closings that occur on or after
the 3rd Monday of August each year. Escrow Agent
Recording Fees: shall withhold the prorated amounts from each party and pay the
Release & Reconveyance TBD lien of the current year's taxes in full.
Release of Lease TBD
KX] Partial Acquisition of Grantor's Property: Partial release of
all monetary liens and encumbrances, and leases of any kind.
- At the discretion of Maricopa County, pay due and delinquent.
Total Recording Fees TBD | 14 property taxes and general and special improvement
assessments, including full payment of taxes and
Other Charges: assessments on individual assessor parcels within
Release Fees TBD Maricopa County's partial acquisition, and any Certificate(s)
Consent Fees TBD of Purchase. The current year's taxes shall not be prorated.
S.R.V.W.U.A. TBD regardless of the closing date.
Taxes -Prorated TBD
L]_Easement(s): Consent to easement(s) by secured party(ies).
Total Other Charges TBD | 14
Sub Total TBD (J Other Disbursements:
Total Purchase Cost:
Land $ 14,240.00 li
Improvements $ 1,600.00 10
Administrative Settlement $ 4,913.00 10
Total Purchase Price $ | $ 20,753.00
Total Escrow, Title, and Other Charges TBD | 14
Total Purchase Cost | $ 20,753.00
TOTAL WARRANT** TBD
*Escrow and title policy fees based on this amount only.
**Sum of "Total Closing Costs" and "Total Compensation" only.
Project
Project Name: 227 Avenue Montgomery to Dove Valley Number: TT0657
Assessor Parcel No.: 503-39-009A Item No. D24377
Right of Way Agent: Jaelynn Carrier Telephone # (602) 245-4771
Page 1 of 8
The GRANTORS and GRANTEE, having executed a conveyance of certain real property rights described in the Attachments A-B and made a part
hereof, and having delivered same to the above Title Company as Escrow Agent, said agent is directed to deliver said conveyance to
MARICOPA COUNTY, title to said property to be transferred upon execution of the conveyance by the MARICOPA COUNTY BOARD OF
SUPERVISORS.
The Escrow Agent shall first apply the purchase price on deposit to satisfy such taxes, Deed of Trusts, leasehold interests, special assessments, and
other encumbrances as may be authorized for payment, and the balance thereof shall be paid in accordance with the terms herein.
Instructions to Escrow Agent: Deposit all escrowed funds in escrow account and disburse same by check; pay encumbrances in accordance with this
agreement; prorate all agreed items; record such escrowed instruments as are necessary or proper in the issuance of title insurance; and pay the balance
of the escrowed funds to the party or parties entitled thereto. It is further understood and agreed that the Title Company shall not be responsible for
any liens or encumbrances not of record at the closing of escrow.
The Right of Way Agent or MARICOPA COUNTY Real Estate Department will be furnished a copy of the GRANTORS’ closing statement with the
following certification signed by an authorized officer: “This is to certify this is a true and correct statement of disbursement of funds collected from
MARICOPA COUNTY.”
The Escrow Agent is to request the GRANTORS acknowledge receipt of the amount shown on the closing statement as due GRANTORS. Either a
copy of this request or a copy of a signed receipt is to be retained in the escrow file.
MARICOPA COUNTY will pay the costs of the owner’s title insurance policy; fees associated with lender releases or loan pay-offs, including
endorsements, document preparation, and other expenses related thereto; escrow fees and other charges by escrow companies incidental to the closing
of escrow. In the alternative, MARICOPA COUNTY may, at its option, waive escrow and/or title insurance. Upon such waiver, the references to Title
Company, Escrow Agent and title insurance herein are not applicable.
If any element of this transaction is not handled through a title company, the conveyance will be delivered directly to MARICOPA COUNTY and
payment will be made direct from the GRANTEE to the GRANTORS after approval and acceptance by the MARICOPA COUNTY BOARD OF
SUPERVISORS and the final filing and recording of the documents.
It is understood and agreed the consideration expressed herein is accepted by the GRANTORS as full and complete compensation for the interest being
acquired. If the acquisition is a partial acquisition from a larger parcel, the consideration also includes full and complete compensation for all injury
or damage to the GRANTORS’ remaining lands by reason of their severance from the part being acquired and the construction of the improvements in
the manner proposed by MARICOPA COUNTY.
MARICOPA COUNTY agrees to pay, and the GRANTORS accept the payment in full for the property described herein:
i. Real property the amount of Fourteen Thousand Two Hundred Forty and No/100 Dollars ($14,240.00) described and depicted
in Attachment A.
ii. Improvements located on the property in the amount of One Thousand Six Hundred and No/100 Dollars ($1,600.00), itemized in
Attachment B.
ii. Administrative Settlement in the amount of Four Thousand Nine Hundred Thirteen and No/100 Dollars ($4,913.00).
If in the opinion of the Transportation Director it becomes necessary, MARICOPA COUNTY, or its agents, is hereby granted to enter upon the
remaining property for the purpose of private structure relocation in kind to the GRANTORS property, clear of the property described herein, and at
no expense to the GRANTORS except as may be herein otherwise agreed.
With respect to the development/redevelopment of the property prior to construction of project TT0657, GRANTORS will be responsible only for the
costs of improvements required by the County or a municipality as part of a regulatory approval related to development/redevelopment of the property.
MARICOPA COUNTY shall be responsible to the extent that damage occurs out of MARICOPA COUNTY 's occupation of the GRANTORS property
caused by MARICOPA COUNTY 's negligence, or by the negligent acts or conduct of its agents, employees, or contractors during the term of
MARICOPA COUNTY's temporary occupancy of the property. All claims shall be submitted in accordance with the requirements of ARS 12-821.
This Agreement is subject to cancelation pursuant to A.R.S. § 38-511.
It is further agreed settlement is being made in lieu of condemnation, and therefore not admissible as evidence of value, nor for any other evidentiary
purpose, in conjunction with any judicial or administrative proceeding.
Page 2 of 8
GRANTORS:
NEJAD COSIC AND KIMBERLY COSIC
AKA KIMBERLY A. COSIC, HUSBAND
AND WIFE, ACCEPTANCE OF
COMMUNITY PROPERTY WITH RIGHT
OF SURVIVORSHIP
Signed by:
[yo (asic
By: Nejad Cosic
5/6/2025
Date
Signed by:
Kimberdy Coaie
5/6/2025
Date
RECOMMENDED FOR APPROVAL:
MARICOPA COUNTY DEPARTMENT
OF TRANSPORTATION
DocuSigned by:
[ sanuifr Kodviquey
ACCEPTED AND APPROVED:
MARICOPA COUNTY BOARD OF
SUPERVISORS
Right ‘ol Way. Supervisor
5/7/2025
Date
Approved as to form within the
powers and authority of the Board of
Supervisors
Signed by:
Maye E. Carpivelli 5/7/2025
Chairman of the Board Date
ATTEST:
Clerk of the Board of Supervisors
"Beputy Couiity Attorney Date
Page 3 of 8
Date
Attachment A
Legal Description
for
Warranty Deed
Exhibit “A”
Parcel No. 503-39-009A
Project No. TT0657
227 Avenue Montgomery to Dove Valley Road
Item No. D24377
LEGAL DESCRIPTION FOR FEE SIMPLE RIGHT OF WAY
A parcel of land in the Southwest Quarter of Section Fourteen, Township Five North, Range Three
West of the Gila and Salt River Meridian, and being more particularly described as follows:
Commencing at the West comer of said Section 14, from which the Southwest Quarter corner of said
Section 14, bears South 00°22'13" West, for a distance of 2641.01 feet;
THENCE South 00°22'13" West, for a distance of 1318.57 feet to the Point of Beginning;
THENCE South 89°37'47" East, for a distance of 40.00 feet;
THENCE South 00°22'13" West, for a distance of 178.00 feet;
THENCE North 89°37'47" West, for a distance of 40.00 feet;
THENCE North 00°22'13" East, for a distance of 178.00 feet to the Point of Beginning.
The above described parcel contains 7,120 square feet or 0.1635 acres, more or less, and is depicted on
attached Exhibit "B".
MARICOPA COUNTY DEPARTMENT OF TRANSPORTATION
Prelim: 06/14/2024 HP | Chk: Appr:
Rev:
Maricopa County Real Estate Department
Page 5 of 8
EXHIBIT "B"
TSN
D24377 Area: 7,120 square foot or 0.1635 acres
ABW
MID SEC. LINE / MYERS ST Not to Scale
ZA
5
{ju
a
-E
Per 503-39-029F
™ L2
P.O.B.
N D24377
D24377
COSIC NEJAD
6 4 503-39-009A
Inst. #2017-0700872 M.C.R.
5
+
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NES 503-39-009B
NO. | BEARING | LENGTH] NJ
L1_|_s00°2213" w [1318.57' | S}o
L2_| s8o°3747"E | 40.00 | >|
L3_| s00°2213"w | 178.00’
L4_| n8g°37'47"w | 40.00"
L5__| N00°2243"E | 178.00’ \
MARICOPA COUNTY DEPARTMENT OF TRANSPORTATION
227TH AVENUE - MONTGOMERY RD TO DOVE VALLEY RD
PROJECT No. TT0657 | ITEM No. D24377
DATE 06/14/2024 R.E.D. HP
RW AGENT A.H.
Page 6 of 8
Attachment B
Improvements
Attachment "B"
Parcel No. 503-39-009A.
Item No. D24377 (JC)
Site Improvements Within Acquisition:
Tar and Chip Driveway 160 SF @ $10.00/SF= $1,600.00
Site Improvement Total= $1,600.00
Page 8 of 8